Geode Capital Management LLC Has $2.62 Billion Holdings in Uber Technologies, Inc. (NYSE:UBER)

Geode Capital Management LLC increased its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,561,447 shares of the ride-sharing company's stock after purchasing an additional 1,061,088 shares during the quarter. Geode Capital Management LLC owned approximately 2.07% of Uber Technologies worth $2,621,929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Glenmede Trust Co. NA grew its holdings in shares of Uber Technologies by 29.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 24,941 shares of the ride-sharing company's stock worth $1,875,000 after purchasing an additional 5,684 shares during the last quarter. Edgestream Partners L.P. bought a new position in Uber Technologies in the 3rd quarter valued at $760,000. Kestra Investment Management LLC acquired a new position in Uber Technologies in the third quarter worth $392,000. Benjamin Edwards Inc. raised its holdings in shares of Uber Technologies by 4,968.4% in the third quarter. Benjamin Edwards Inc. now owns 37,506 shares of the ride-sharing company's stock valued at $2,819,000 after buying an additional 36,766 shares during the last quarter. Finally, Ascent Group LLC raised its stake in shares of Uber Technologies by 5.1% in the third quarter. Ascent Group LLC now owns 21,702 shares of the ride-sharing company's stock worth $1,631,000 after acquiring an additional 1,048 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

NYSE:UBER traded up $0.17 during mid-day trading on Tuesday, hitting $73.03. 16,868,970 shares of the stock were exchanged, compared to its average volume of 20,099,981. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The firm's 50-day simple moving average is $73.66 and its 200 day simple moving average is $71.80. The stock has a market capitalization of $152.77 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

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Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The ride-sharing company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $0.50 by $2.71. Uber Technologies had a return on equity of 62.60% and a net margin of 22.41%. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Tony West sold 23,404 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $70.27, for a total transaction of $1,644,599.08. Following the completion of the transaction, the insider now owns 114,241 shares of the company's stock, valued at approximately $8,027,715.07. This trade represents a 17.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $206,250.00. Following the transaction, the chief financial officer now directly owns 22,162 shares of the company's stock, valued at approximately $1,662,150. This represents a 11.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,154 shares of company stock worth $5,793,869 over the last three months. Insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on UBER shares. Benchmark reissued a "hold" rating on shares of Uber Technologies in a research note on Friday, January 31st. DA Davidson lowered their price target on Uber Technologies from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Truist Financial lifted their target price on Uber Technologies from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, February 6th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $80.00 price objective on shares of Uber Technologies in a report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $90.31.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.